M&A Deal Summary

Itron Acquires Urbint

On October 6, 2025, Itron acquired software company Urbint for 325M USD

Acquisition Highlights
  • This is Itron’s 5th transaction in the Software sector.
  • This is Itron’s 4th largest (disclosed) transaction.
  • This is Itron’s 8th transaction in the United States.
  • This is Itron’s 1st transaction in Florida.

M&A Deal Summary

Date 2025-10-06
Target Urbint
Sector Software
Buyer(s) Itron
Deal Type Add-on Acquisition
Deal Value 325M USD

Target

Urbint

Miami Beach, Florida, United States
Urbint is an operator of an AI platform for predicting and stopping threats to critical infrastructure and workers. Urbint predicts threats to workers and critical infrastructure to stop incidents before they happen. Urbint is based in Miami Beach, Florida.

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Buyer(S) 1

Buyer

Itron

Liberty Lake, Washington, United States

Category Company
Founded 1977
Sector Test/Measurement Equipment
Employees5,040
Revenue 2.4B USD (2024)
DESCRIPTION
Itron's headquarters located in Liberty Lake, Washington.
Itron's headquarters located in Liberty Lake, Washington.

Itron is a technology and services company dedicated to the resourceful use of energy and water. The company provides comprehensive solutions that measure, manage,e and analyze energy and water. Itron was founded in 1977 and is based in Liberty Lake, Washington.


DEAL STATS #
Overall 11 of 12
Sector: Software M&A 5 of 5
Type: Add-on Acquisition M&A Deals 11 of 12
State: Florida M&A 1 of 1
Country: United States M&A 8 of 9
Year: 2025 M&A 1 of 2
Size (of disclosed) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-05 Elpis Squared

Newport Beach, California, United States

Elpis Squared is a provider of software and services for utility grid operations. Elpis Squared was founded in 2013 and is headquartered in Newport Beach, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-11-17 Locusview

Chicago, Illinois, United States

Locusview is a Digital Construction Management (DCM) platform tailored for utility infrastructure projects. The company’s software enables real-time, high-fidelity data capture from field crews using GPS and barcode scanning, streamlining workflows across planning, construction, and close-out. It integrates directly with GIS and enterprise systems. Locusview aims to improve data quality, reduce risk, accelerate project close-out, and enhance operational visibility. Locusview is based in Chicago, Illinois.

Buy $525M